| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| RICHARD G MCGOWAN3 Filed as: RICHARD DOUCETTE | — | BLUE CROSS BLUE SHIELD OF MS, INC | $33K | — | $33K | 2.77% |
| AFFORDABLE EMPLOYEE BENEFITS LLC3 | PO BOX 96 ECRU, MS 38841 | GUARDIAN | $9K | $5K | $14K | 17.08% |
| AFFORDABLE EMPLOYEE BENEFITS LLC3 | PO BOX 96 ECRU, MS 38841 | GULF GUARANTY LIFE INSURANCE COMPANY | $41K | — | $41K | 188.42% |
| GULF GUARANTY EMPLOYEE BENEFIT SERV5 | 4785 I-55 NORTH, STE 200 JACKSON, MS 39206 | GULF GUARANTY LIFE INSURANCE COMPANY | — | $31K | $31K | 140.00% |
No Schedule C service providers reported on this filing.
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 418 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 418 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD OF MS, INC | 387 | $1.2M |
| Dental | GUARDIAN | 192 | $82K |
| Life insurance | GUARDIAN | 192 | $82K |
| Other(2 contracts, 2 carriers) | GUARDIAN | 418 | $104K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 418 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.